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Re: UHD post# 32998

Friday, 01/18/2013 6:33:43 PM

Friday, January 18, 2013 6:33:43 PM

Post# of 92296
Thanks for the weeklys. I agree things are looking good on that chart. The 30 week MA has definitely acted as strong support/resistance in the past, and I find it very unlikely we will drop below it anytime soon. Now here are the dailys:

As you can see, today we broke out of the wedge I mentioned a few days ago. Since these are the dailys, we probably need to wait until next week to really confirm, though. This would be very bullish.

Also, you can see we are still inside a longer-term uptrend, as I mentioned before. I see very, very little downside here when you look at both charts as a whole. When the drops start popping up on store shelves, watch out.